Due to the complexity of merging an American company, regulated in the US jurisdiction with an Israeli company which is subject to its own regulatory procedures, the attorneys representing SDE Inc are making changes to the Agreement by which Blackbird will merge with a company bearing the name Wave Electricity Renewable Power Ocean (WERPO). Shmuel Ovadia explains, "This Company shall own all of SDE's technology, IP and know-how, as well as all of SDE's holdings in its subsidiaries, and will be assigned all of SDE's activity and agreements."
"Currently, the SDE Energy holds Letters of Intent and orders from state leaders and electric companies in an approximate amount of US $1 billion dollars. For more information about SDE Energy, please refer to the company’s website at www.sde.co.il." That was written 2 years ago, I wonder how much it is now... =O